Holly Energy Partners, L.P. (NYSE:HEP)’s share price traded down 0.1% on Friday . The stock traded as low as $33.77 and last traded at $34.29, with a volume of 57,074 shares traded. The stock had previously closed at $34.32.

Several equities analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Holly Energy Partners, L.P. from a “hold” rating to a “strong-buy” rating and set a $41.00 target price for the company in a research note on Wednesday, April 27th. Barclays PLC reiterated an “equal weight” rating and issued a $35.00 target price on shares of Holly Energy Partners, L.P. in a research note on Thursday. Goldman Sachs Group Inc. lifted their target price on shares of Holly Energy Partners, L.P. from $32.00 to $35.00 and gave the stock a “buy” rating in a research note on Friday, March 18th. Simmons reiterated an “overweight” rating on shares of Holly Energy Partners, L.P. in a research note on Friday, April 1st. Finally, Raymond James Financial Inc. downgraded shares of Holly Energy Partners, L.P. from a “market perform” rating to an “underperform” rating in a research note on Wednesday, April 27th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $36.00.

The stock has a market capitalization of $2.04 billion and a P/E ratio of 19.63. The company’s 50-day moving average is $33.98 and its 200 day moving average is $31.24.

Holly Energy Partners, L.P. (NYSE:HEP) last posted its earnings results on Tuesday, May 3rd. The company reported $0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.07. During the same quarter in the prior year, the company posted $0.37 EPS. The company had revenue of $102 million for the quarter, compared to the consensus estimate of $96.72 million. Holly Energy Partners, L.P.’s revenue was up 13.6% on a year-over-year basis. Equities analysts forecast that Holly Energy Partners, L.P. will post $1.97 EPS for the current year.

Other institutional investors recently bought and sold shares of the company. Liberty Mutual Group Asset Management Inc. bought a new position in Holly Energy Partners, L.P. during the fourth quarter valued at about $1,332,000. Clarkston Capital Partners LLC boosted its position in Holly Energy Partners, L.P. by 20.0% in the fourth quarter. Clarkston Capital Partners LLC now owns 60,000 shares of the company’s stock valued at $1,868,000 after buying an additional 10,000 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Holly Energy Partners, L.P. by 44.6% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 204,004 shares of the company’s stock valued at $6,353,000 after buying an additional 62,880 shares in the last quarter. Finally, Morgan Stanley boosted its position in Holly Energy Partners, L.P. by 31.2% in the fourth quarter. Morgan Stanley now owns 388,131 shares of the company’s stock valued at $12,086,000 after buying an additional 92,260 shares in the last quarter.

Holly Energy Partners, L.P., (HEP) is engaged in the business of operating a system of petroleum product and crude pipelines, storage tanks, distribution terminals and loading rack facilities. The Company operates in West Texas, New Mexico, Utah, Nevada, Oklahoma, Wyoming, Kansas, Arizona, Idaho and Washington.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.